Can I pay LIC premium for my daughter?

Life insurance can be bought for any number of children, irrespective of whether they are major, minor, married/unmarried. An individual can only claim tax benefit under Section 80C of the Income Tax Act, 1961, on life insurance policy(s) bought in the name of self, spouse or children.

Which LIC plan is best for new born?

LIC’s New Children’s Money Back plan is one of the best new born baby plan offered by LIC. It is a participating, non-linked money back policy that is designed to cater to the needs of a growing child – educational, marriage, etc. Through survival benefits.

What is the LIC kanyadan policy?

LIC Kanyadan policy provides financial freedom and stability to your daughter in terms of her education, marriage and meeting milestones in life. If the individual dies within the LIC Online LIC policy premium term, 10\% of the Sum Assured is payable every year up to 01 year from the date of maturity.

What is the best policy for children’s?

Best Child Plans in India

Plans	Entry Age	Minimum Sum assured
PNB MetLife College Plan	20-45 years	Rs 2,12,040
Pramerica Life Future Idols Gold Plan	18-50 years	Rs 1.5 Lakh
Reliance Life Child Plan	20-60 years	Equal to Policy
Sahara Ankur Child Plan	0-13 years	5 times of Single Premium Paid

What is age limit for kanyadan policy?

Eligibility Conditions and Other Restrictions

Minimum Basic Sum Assured	100,000
Policy Term	13 to 25 years
Premium Paying Term	(Policy Term – 3) years
Minimum Age at entry	18 years (last birthday)
Maximum Age at entry	50 years (nearer birthday)